Aptiv PLC (NYSE:APTV) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC has reduced its stake in Aptiv PLC by 17.5%, now owning 18,372 shares valued at approximately $1,093,000 as of the latest reporting period.
• Analysts have mixed opinions on Aptiv, with Bank of America increasing its price target to $85, while the Wolfe Research downgraded the stock from "outperform" to "peer perform."
• Aptiv reported earnings of $2.12 per share for the last quarter, surpassing estimates, with revenue of $5.21 billion, marking a 3.1% year-over-year increase.

Mizuho Securities USA LLC trimmed its stake in Aptiv PLC (NYSE:APTV - Free Report) by 17.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 18,372 shares of the auto parts company's stock after selling 3,904 shares during the period. Mizuho Securities USA LLC's holdings in Aptiv were worth $1,093,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sterling Capital Management LLC grew its holdings in shares of Aptiv by 34.3% in the fourth quarter. Sterling Capital Management LLC now owns 13,947 shares of the auto parts company's stock valued at $844,000 after purchasing an additional 3,565 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Aptiv during the 4th quarter worth approximately $1,906,000. Guggenheim Capital LLC grew its holdings in Aptiv by 6.8% during the 4th quarter. Guggenheim Capital LLC now owns 14,641 shares of the auto parts company's stock worth $885,000 after acquiring an additional 927 shares in the last quarter. Bridgewater Associates LP grew its holdings in Aptiv by 173.2% during the 4th quarter. Bridgewater Associates LP now owns 40,791 shares of the auto parts company's stock worth $2,467,000 after acquiring an additional 25,858 shares in the last quarter. Finally, Montag & Caldwell LLC grew its holdings in Aptiv by 94.9% during the 4th quarter. Montag & Caldwell LLC now owns 8,754 shares of the auto parts company's stock worth $529,000 after acquiring an additional 4,263 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APTV has been the subject of several analyst reports. Wall Street Zen upgraded shares of Aptiv to a "hold" rating in a report on Saturday, June 21st. UBS Group boosted their price target on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wells Fargo & Company boosted their price target on shares of Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Oppenheimer restated an "outperform" rating and issued a $88.00 target price (up previously from $84.00) on shares of Aptiv in a report on Monday, August 4th. Finally, Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.81.

Aptiv Price Performance

NYSE APTV traded down $0.16 during trading hours on Friday, reaching $74.13. The company's stock had a trading volume of 1,896,279 shares, compared to its average volume of 2,876,375. The stock has a market cap of $16.14 billion, a PE ratio of 16.96, a PEG ratio of 0.83 and a beta of 1.48. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $75.41. The company's 50-day moving average is $69.24 and its two-hundred day moving average is $64.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. During the same period in the prior year, the company earned $1.58 EPS. The firm's revenue was up 3.1% on a year-over-year basis. Analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.